ACTIVE

BOREAN & ASSOCIES

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Financial year 2025 · Closed on 31/12/2025

Net result569,2 k €+1,5 %over 1 year
Gross margin1,2 M €-2,6 %over 1 year
Equity201,9 k €+4,8 %over 1 year
Workforce10,8 ETP-0,9 %over 1 year

Identity

Source · BCE/KBO

BOREAN & ASSOCIES is a Private limited company incorporated in 2003. Its main activity is: Legal activities. Its registered office is in Mons. It employs on average 10,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0862.399.383
Incorporation
24/12/2003
Legal form
Private limited company
Registered office
Boulevard Président Kennedy 127
7000 Mons · WallonieSee on map
Contributed capital
25 000,00 €
Latest accounts
31/12/2025
Average workforce
10,8 ETP
Joint committees (2)
  • 200
  • 336
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin1,2 M €1,2 M €927,6 k €1,1 M €1,3 M €
EBITDA468,7 k €581,7 k €310,3 k €473,5 k €696,2 k €
Operating result463,3 k €574,7 k €303,8 k €460,9 k €678 k €
Net result569,2 k €560,6 k €290,8 k €448,6 k €607,9 k €
Balance sheet
Equity201,9 k €192,7 k €182,1 k €171,2 k €162,6 k €
Total assets1,8 M €1,9 M €1,9 M €1,9 M €1,9 M €
Cash649,9 k €663,5 k €604,2 k €351 k €252,1 k €
Debts1,6 M €1,7 M €1,7 M €1,7 M €1,7 M €
Other
Workforce10,8 ETP10,9 ETP11,0 ETP11,7 ETP12,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 19 ended

Active mandates

LED ETUDE

Director · since 07 juin 2022 · 0723.475.092

Represented by Borean Bruno

Active
ZENROC IMMOBILIER

Director · since 07 juin 2022 · 0820.631.183

Represented by Cornez Pol

Active

Ended mandates

LED ETUDE

Manager · since 21 mars 2019 · 0723.475.092

Represented by Bruno BOREAN

Ended
ZENROC ETUDE

Manager · since 21 mars 2019 · 0723.489.544

Represented by Pol CORNEZ

Ended
WEB COLLECTION

Manager · since 20 juin 2014 · 0820.631.381

Represented by Bruno Borean

Ended
WEB COLLECTION

Manager · since 20 juin 2014 · 0820.631.381

Represented by Bruno BOREAN

Ended

Other companies at this address

Boulevard Président Kennedy 127 7000 Mons
CompanyCBE no.
<<100 AS>>● Active
0676.494.628
FEROX● Liquidation
0846.328.859
LED ETUDE● Active
0723.475.092
WEB COLLECTION● Active
0820.631.381
ZENROC ETUDE● Active
0723.489.544

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202630/06/202505/06/202412/06/202313/06/202202/08/2021
General meeting29/05/202630/05/202531/05/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202608/06/2026FrenchPDF
Abridged model31/12/202430/05/202530/06/2025FrenchPDF
Abridged model31/12/202331/05/202405/06/2024FrenchPDF
Abridged model31/12/202226/05/202312/06/2023FrenchPDF
Abridged model31/12/202127/05/202213/06/2022FrenchPDF
Abridged model31/12/202028/05/202102/08/2021FrenchPDF
Abridged model31/12/201929/05/202010/08/2020FrenchPDF
Abridged model31/12/201831/05/201903/06/2019FrenchPDF
Abridged model31/12/201725/05/201805/06/2018FrenchPDF
Abridged modelCorrection31/12/201626/05/201708/08/2017FrenchPDF
Abridged model31/12/201626/05/201703/07/2017FrenchPDF
Abridged model31/12/201527/05/201619/07/2016FrenchPDF
Abridged model31/12/201429/05/201528/08/2015FrenchPDF
Abridged model31/12/201330/05/201423/07/2014FrenchPDF
Abridged model31/12/201231/05/201329/08/2013FrenchPDF
Abridged model31/12/201125/05/201216/08/2012FrenchPDF
Abridged model31/12/201027/05/201110/08/2011FrenchPDF
Abridged model31/12/200928/05/201020/08/2010FrenchPDF
Abridged model31/12/200829/05/200925/08/2009FrenchPDF
Abridged model31/12/200730/05/200825/08/2008FrenchPDF
Abridged model31/12/200625/05/200728/08/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 19 ended

Active mandates

LED ETUDE

Director · since 07 juin 2022 · 0723.475.092

Represented by Borean Bruno

Active
ZENROC IMMOBILIER

Director · since 07 juin 2022 · 0820.631.183

Represented by Cornez Pol

Active

Ended mandates

LED ETUDE

Manager · since 21 mars 2019 · 0723.475.092

Represented by Bruno BOREAN

Ended
ZENROC ETUDE

Manager · since 21 mars 2019 · 0723.489.544

Represented by Pol CORNEZ

Ended
WEB COLLECTION

Manager · since 20 juin 2014 · 0820.631.381

Represented by Bruno Borean

Ended
WEB COLLECTION

Manager · since 20 juin 2014 · 0820.631.381

Represented by Bruno BOREAN

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates10/06/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/04/2019
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates20/12/2016
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/12/2016
    DENOMINATION - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates18/03/2016
    DENOMINATION
    PDF
  • Mandates10/07/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares19/02/2014
    CAPITAL, ACTIONS
    PDF
  • Mandates24/09/2013
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025569,2 k €↑
  2. 2024
    Annual accounts 2024560,6 k €↑
  3. 2023
    Annual accounts 2023290,8 k €↓
  4. 2023
    Name changeBOREAN & ASSOCIES
  5. 2022
    Annual accounts 2022448,6 k €↓
  6. 2022
    Name changeBorean et Associés
  7. 2021
    Annual accounts 2021607,9 k €↑
  8. 2021
    Name changeCornez-Borean et Associés
  9. 2020
    Annual accounts 2020544,4 k €↓
  10. 2019
    Annual accounts 2019881,9 k €↑
  11. 2018
    Annual accounts 2018699,1 k €↑
  12. 2017
    Annual accounts 2017355,7 k €↑
  13. 2016
    Annual accounts 2016166,4 k €↑
  14. 2015
    Annual accounts 2015115,2 k €↑
  15. 2014
    Annual accounts 2014-10,3 k €↓
  16. 2013
    Annual accounts 2013290,1 k €↑
  17. 2012
    Annual accounts 2012127,8 k €↓
  18. 2011
    Annual accounts 2011202 k €↑
  19. 2010
    Annual accounts 2010198,9 k €↑
  20. 2009
    Annual accounts 200960,8 k €↓
  21. 2008
    Annual accounts 2008120,2 k €↑
  22. 2007
    Annual accounts 200790,5 k €↓
  23. 2006
    Annual accounts 2006114,8 k €
  24. 24/12/2003
    IncorporationPrivate limited company